IRS Invites Cryptocurrency Advocates to March Summit

With the 2019 tax season upon us, the IRS is leaving nothing off the table. Cryptocurrency holders are looking for ways to avoid reporting failures on their returns, and the agency has noticed. According to a Feb. 19 report by Bloomberg Tax, the IRS has invited cryptocurrency companies and advocates to appear for a March …

Trump’s Proposed Budget Snubs Blockchain, Crypto in Crosshairs of Security Service

Earlier this week, the word “cryptocurrency” made it to the text of one of the United States government’s most consequential strategic documents: the Trump administration’s budget proposal for the 2021 fiscal year. However, the budget does little to enhance blockchain-powered innovation, as it included no additional taxpayer dollars in funding. The premise for mentioning digital currencies …

Crypto Custodian Copper Raised $8 Million for Expansion

Cryptocurrencies have always faced challenges when it comes to reducing risk and making themselves regulatory compliant for traditional investors. Providing custody for Bitcoin and others is becoming increasingly more complex due to the nature of crypto: whoever has control of the asset, owns the asset. While users typically had to store their own BTC private …

Bitcoin Price Rally Over? Key $9.4K Support Zone Holds for Now

Bitcoin (BTC) price was unable to hold the psychological barrier of $10,000 and couldn’t break through the resistance of $10,400. This rejection caused a corrective move to $9,450, leaving a $400 CME gap behind. Following Bitcoin’s severe correction, many altcoins also retraced more than 10% over the weekend.  But does this mean the bullish momentum …

Legal Framework for Tokenization Submitted to Russia’s Crypto Bill

A successful tokenization trial could lead to big changes in Russia’s proposed cryptocurrency legislation. The Central Bank of Russia (CBR) announced on Feb. 17 the completion of a blockchain tokenization pilot using a platform developed by Nornickel within its regulatory sandbox.  The bank subsequently proposed to amend Russia’s digital assets law to accommodate tokenization platforms. …

Crypto Games, a Market in the Making of Its Own Fortune

Since the release of a game called CryptoKitties in November 2017, the concept of nonfungible tokens has been rooted in the minds of developers and crypto investors alike. The year 2019 was groundbreaking, with large, multinational companies beginning to draw attention to the new sector of digital assets and develop their own projects. In 2020, …